Mr. Nic Earner reports

ALKANE RESOURCES LIMITED: APPOINTMENT OF NON-EXECUTIVE DIRECTOR

Alkane Resources Ltd. has appointed Denise McComish to the Alkane board as an independent non-executive director with effect from Dec. 1, 2025. Ms. McComish will also serve as chair of Alkane's audit and risk committee.

Ms. McComish has extensive financial, strategy, corporate, ESG (environmental, social and governance) and board experience across multiple sectors. She was a partner with KPMG for 30 years, specializing in audit and advisory services, and served as a national board member and national mining leader.

Ms. McComish is currently a non-executive director of Web Travel Group Ltd., WA Electricity Generation and Retail Corp. (Synergy) and purpose organization Beyond Blue Ltd. She served as a non-executive director of Gold Road Resources Ltd. until the completion of its recent takeover by Gold Fields Ltd. and has previously held non-executive director roles at Mineral Resources Ltd. and Macmahon Holdings Ltd.

Ms. McComish is a fellow of Chartered Accountants Australia and New Zealand, a fellow of the Australian Institute of Company Directors, and a member of Chief Executive Women.

Alkane chair Andy Quinn said: 'I am delighted to welcome Denise to the board of Alkane as an independent non-executive director. With her extensive experience as a former KPMG partner, her deep expertise in governance, audit and risk, and ESG matters, together with her proven track record on the boards of leading ASX-listed [Australian Securities Exchange] companies, Denise brings exceptional qualities and skills to our board. These will be invaluable and align perfectly with our objective to deliver long-term value for our shareholders and all other stakeholders."

About Alkane Resources Ltd.

Alkane Resources is an Australia-based gold and antimony producer with a portfolio of three operating mines across Australia and Sweden. The company has a strong balance sheet and is positioned for further growth.

Alkane's wholly owned producing assets are the Tomingley open-pit and underground gold mine southwest of Dubbo in central-west New South Wales, the Costerfield gold and antimony underground mining operation northeast of Heathcote in central Victoria, and the Bjorkdal underground gold mine northwest of Skelleftea in Sweden (approximately 750 kilometres north of Stockholm). Continuing near-mine regional exploration continues to grow resources at all three operations.

Alkane also owns the very large gold-copper porphyry Boda-Kaiser project in central-west New South Wales and has outlined an economic development pathway in a scoping study. The company has continuing exploration within the surrounding Northern Molong porphyry project and is confident of further enhancing eastern Australia's reputation as a significant gold, copper and antimony production region.